Question: On August 2 , Jun Company receives a $ 6 , 1 0 0 , 9 0 - day, 1 2 . 5 % note

On August 2, Jun Company receives a $6,100,90-day, 12.5% note from customer Ryan Albany as payment on his $6,100 account receivable.
Compute the maturity date for this note.
Prepare Juns journal entry for August 2.

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